Will Arbitrum ($ARB) Break Through $0.48? Volume Hits ATH & Short-Term Concerns Rise

Arbitrum’s token, ARB, is showing signs of a bullish resurgence after recovering from a recent dip. Trading near $0.34 with a 9% daily gain, the token has formed a bullish setup above its descending channel midline. This positive momentum is reflected in a record-breaking weekly DEX volume of $9.5 billion on Arbitrum, driven by surging on-chain activity and inflows. However, short-term supply concerns remain as a $32 million unlock is scheduled for next week, potentially impacting the token’s price.